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Wednesday, November 6, 2024

Cathedral City home prices rise in April 2019

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The median sale price of a home sold in April 2019 in Cathedral City rose by $21,000 while total sales decreased by 8.7%, according to BlockShopper.com.

In April 2019, there were 63 homes sold, with a median sale price of $310,000 - a 7.3% increase over the $289,000 median sale price for the same period of the previous year. There were 69 homes sold in Cathedral City in April 2018.

The median sales tax in Cathedral City for the most recent year with available data, 2016, was $3,058, approximately 1% of the median home sale price for April 2019.

The following table compares Cathedral City to other Riverside County cities with similar median sales prices in April 2019:

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Palm Desert225248-9.3%$365,000$350,0004.3%
Rubidoux 14137.7%$353,500$370,000-4.5%
Menifee 158168-6%$345,000$340,0001.5%
Moreno Valley1901815%$335,000$325,0003.1%
Beaumont5354-1.9%$335,000$317,0005.7%
Cathedral City6369-8.7%$310,000$289,0007.3%
Perris7383-12%$309,000$305,0001.3%
Cherry Valley 810-20%$306,250$222,00038%
Indio122139-12.2%$305,000$325,500-6.3%
Lakeland Village9650%$299,000$332,500-10.1%
San Jacinto796816.2%$290,000$280,0003.6%

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